(CNN) - A majority of European leaders agreed early Friday on a new deal to try to resolve the continent's debt crisis, but some countries including Britain refused to back a broader treaty change.
The 17 members of the eurozone, which share the embattled single currency, reached a deal for a new intergovernmental treaty to deepen the integration of national budgets. Six other EU nations supported the deal.
"We're doing everything we can to save the euro," President Nicolas Sarkozy of France said at a news conference in Brussels following a marathon summit meeting of EU leaders.
But the new plan, which leaders are aiming to have ready by March, did not get the backing of Britain and three other countries.
"We would rather have reformed the treaty with 27 members," Sarkozy said. But Prime Minister David Cameron of Britain demanded an "unacceptable" opt out clause related to the financial services sector, Sarkozy said.
The British waiver would have "undermined a lot of what we've done to regulate the financial sector," Sarkozy said. Instead, the eurozone countries, along with "anyone who wants to join us," are pushing ahead with the new intergovermental treaty, he said.
The national debts of euro members, including Ireland and Greece, have pushed the common currency to the brink of collapse, forcing international lenders to swoop in with bailouts.FULL STORY